Press release
Global Asthma Spacers Market to be Driven by the Spacers' Usefulness in the Treatment of Asthma and Respiratory Disorders in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 3.6%
The popularity of spacers has led to an increase in the number of various kinds of spacers available in the market and is expected to contribute to the growth of the market.
The rising prevalence of chronic respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, lung cancer, and sleep apnea; increasing awareness of the uses and benefits of asthma spacers; introduction of technologically advanced spacers, inhalers, and other respiratory devices; and increasing government initiatives to raise awareness of severe respiratory diseases are contributing to the global asthma spacers market revenue growth.
The majority of patients are unable to use inhalers efficiently because they demand them to take a good, deep breath precisely when the drug is released. Spacers are being used to help people take their medications more effectively. As a result, the demand for asthma spacers is increasing all over the world.
Industry Definition and Major Segments
Asthma spacers are hollow tubes that can be attached to the mouthpiece of an inhaler on one end and used to inhale the medicine produced by the inhaler on the other end (when the inhaler is pressed, the medicine is released from the inhaler end, and inhaled by the user on the other end). When used with a metered dose inhaler, asthma spacers perform best (MDI).
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By spacer type, the market is segmented into:
• Volumatic
• Aerochamber
• InspirEase
• Optichamber
• Others
By distribution channel, the market is divided into:
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Over the forecast period, rising public and private investments in R&D efforts for product innovation are expected to fuel the global asthma spacers market revenue growth. The increased prevalence of chronic respiratory disorders, such as asthma and chronic obstructive pulmonary diseases, and rising hospital visits and admissions and fast developing healthcare infrastructure, are predicted to boost hospital and clinic revenue growth.
One of the key factors driving revenue growth in the aerochamber segment include the increasing demand for aerochamber asthma spacers, which have several advantages, such as ease of handling and use and fewer adverse effects than other varieties. The key players in the asthma spacers market are concentrating on organic and inorganic growth tactics such as product launches and approvals.
Key Market Players
The major players in the market are Trudell Medical International, PARI Respiratory Equipment, Inc., Koninklijke Philips N.V, GlaxoSmithKline Plc., Lupin, Cipla Inc., and Medical Developments International, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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